Tuesday, November 03 2026

CHCC targets up to 75pc stake in NICL
Cherat Cement Company Limited (CHCC) expects to complete its takeover of NICL (Nimir Industrial Chemicals Limited) in the coming months, with its ownership stake projected to reach approximately 70 to 75 percent, including the tender offer. According to takeaways from the company’s analyst briefing, under the proposed acquisition, NICL’s existing management is expected to retain around 15 percent ownership. Cherat Cement plans to finance the remaining consideration through a seven-year syndicated loan from two local banks at what management described as attractive rates, alongside approximately Rs16 billion in cash and short-term investments.
Related news categories: business cement chemical economic-indicators psx stock-exchanges
Related symbols: chcc (news stock) nicl (news stock)

Wednesday, October 21 2026

CCP greenlights Lotte Chemical Pakistan’s stake acquisition in Engro Polymer & Chemicals
The Competition Commission of Pakistan (CCP) has approved the proposed acquisition of a shareholding in Engro Polymer & Chemicals Limited (EPCL) by Lotte Chemical Pakistan Limited (LCPL) from Engro Corporation Limited, following a Phase-I competition assessment under the Competition Act, 2010, read a statement on Tuesday. LCPL is a public limited company engaged in the manufacture and supply of Purified Terephthalic Acid (PTA) in Pakistan. PTA is primarily used as a raw material in the production of polyester and polyethylene terephthalate (PET). EPCL, the target company, manufactures and supplies Polyvinyl Chloride (PVC), caustic soda, hydrogen peroxide and other chlor-alkali products.
Related news categories: business chemical economic-indicators psx stock-exchanges
Related symbols: epcl (news stock) lotchem (news stock)